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¶ … Jack Welch and his management at GE. Specifically, it will include some of the changes Jack Welch brought to GE. Jack Welch transformed General Electric Corporation (GE) from a mostly American company that was losing money in many areas to a global corporation that is one of the most admired in the world. Welch brought a variety of changes to the organization, and reinvented how many companies do business.
Jack Welch was the Chairman and CEO of General Electric Corporation from 1981 to his retirement in 2001, and he brought sweeping changes to the company and to business in general. "Under Welch's leadership, GE rose to be ranked No. 1 among the world's most valuable companies based on a combination of revenues, profits, market value, and assets" (Strohmeier 16). When Welch took over as Chairman in 1981, General Electric was facing many crises in its operations. Many of the company's divisions were not making a profit, and their business had not...
One of the changes Welch brought to the company has been termed "reengineering," which simply meant Welch was continually restructuring the organization. Business people respected him, but employees feared him because he was also continually downsizing the organization. Staff called him "Neutron Jack" because he continually "vaporized" the staff (Strohmeier 16). In fact, he required management to "lose" 10% of the bottom performers in their staff every year. (Many of these people were redeployed, but the stigma of being in the "bottom 10" often stayed with them throughout their careers.) Many employees hated Welch for eliminated over 180,000 jobs, but his concept of reengineering is now accepted and applauded in the business world.
While Welch downsized employees and sold off non-profitable subsidiaries, he also nurtured his management, especially by including them in the decision making process.…
Bibliography
Author not Available. General Electric Takes Top Honours in First Financial Times / PricewaterhouseCoopers World's Most Respected Company Survey. Business Wire. 30 Nov. 1998.
Strohmeier, Brian R. "The Leadership Principles Used by Jack Welch as he Re-energized, Revolutionized and Reshaped General Electric." Journal of Leadership Studies 5.2 (1998): 16.
This would be something that was difficult for most competitors to match, and would therefore provide GE with a source of sustainable competitive advantage. Welch also saw decision-making speed as essential to his change process. He reduced the amount of paperwork and study relating to decisions to both free up the flow of valuable information and to speed up the decision-making process. Again, this was a means of differentiating the
GE Jack Welch GE has been able to pursue unrelated diversification for a few reasons. Most important is that the corporate level contribution has been limited to management practice. GE contributed systems to its subsidiaries, but allowed managers to run their own businesses, and not be tied to trying to work with other subsidiaries. GE contributes best practices that help managers of all businesses to operate more effectively, but corporate head
Jack Welch Leadership Strategies Jack Welch is rated as the greatest CEO of the current generation and one of the greatest business leaders of all times. The legendary leader, donned the top post in General Electric (GE) from April 1981 to September 2001, taking the company from mediocre levels to the very top levels, in the process turning the very basic concepts on which businesses were run till then. When he
career of Jack Welch (the former CEO of GE). Jack Welch has become a legend in successful management and leadership. He took over as the youngest CEO of General Electric in 1981, and by his retirement in 2001, he had turned the company around and created massive profits. Welch is often cited as one of the most successful leaders of all time, and is given credit for turning GE
GE's Two-Decade Transformation: Jack Welch's Leadership, Christopher A. Bartlett and Meg Wozny describe the sometimes unorthodox leadership style of General Electric CEO Jack Welch. It is hard to argue with the success of Jack Welch's tenure as CEO at GE. He led the company from a floundering, outdated, bureaucratic monolith when he took the reins in 1981 to a diverse, successful, and globalized corporation as he faces retirement. However,
GE Aviation Division, Aircraft Engines This paper discusses General Electric Corporation (GE), specifically the arm which focuses on the production of aircraft engines. Until 2005, the GE Aviation division (GEA) operated under the designation of General Electric Aircraft Engines (GEAE). We will analyze GEA from a product standpoint, as well as from a business operations standpoint. We will firstly discuss the beginnings of GE as a maker of aircraft engines. We